Business Intelligence
Increase Asset Performance by Measuring Availability and Utilization, and Optimize Work Processes by Identifying Areas for Improvement
Business Intelligence for Asset Suite is a family of products that provide critical visibility and insight into operational status based on snapshots of the operational data, and at the strategic trend-spotting level.
Business Intelligence for Asset Suite can increase asset performance by measuring availability and utilization, and optimize work processes by identifying areas for improvement. Using configurable, role-based views, an executive may track overall company performance against corporate goals, while a planner might monitor technician productivity. With performance analysis capabilities, you can identify potential problems, such as a shortage of critical spare parts, and make necessary adjustments before the business is hit with performance setbacks.
Business Intelligence for Asset Suite is comprised of a Knowledge Warehouse and RPM, an intuitive, web-based interface. The integrated components leverage Asset Suite's Operational Database to provide a comprehensive, consistent view of your data, addressing daily operational tactics and providing in-depth reviews of past performance to assist with strategic analysis and planning. Asset Suite's operational data is pulled into the Knowledge Warehouse, forming the basis for measurement analytics and the presentation of key performance indicators (KPIs) via RPM.
Benefits:
Improve Decision-Making
- Uncover the real drivers of your operation's performance using predefined and internally developed KPIs to reduce operating costs and improve the quality of asset management
- Customize business indicators and reports to extract your organization's unique business-critical information
- Filter information to focus on your current requirements (e.g. number of work orders past due for a particular facility)
- Be confident everyone is working with current, consistent data to guide informed decision-making
- Provide enterprise-wide visibility into operational trends, increasing the accuracy of forecasts and plans
Decrease Costs:
- Leverage KPIs—such as mean time to repair, overall equipment effectiveness, productive labor utilization and cost of stock returns—to improve performance
- Lower deployment, training, and maintenance costs per user with the browser-based system
Improve Asset Performance
- Monitor status indicators for the health and condition of facilities, equipment and critical parts to prevent unnecessary downtime and improve asset performance
- Drill down to the root cause of variances and failures to prevent future occurrences
- Improve repair/replace and purchase decisions based on equipment history and KPIs such as mean-time between failures.
- Understand the relationship between stock levels and equipment availability
Optimize Workforce Efficiency
- Increase visibility into resource availability, skill sets, parts, tools, and documentation to ensure efficient work scheduling and completion
- Improve productivity and decrease latency by monitoring work completion times and resolving the underlying causes of delays
- Improve conformance to schedule by monitoring the amount of break-in and emergent work
Streamline The Supply Chain
- Eliminate non-critical and least used spares to reduce inventory levels and lower carrying costs
- Factor vendor service levels into supplier reduction decisions
- Increase visibility into available inventory in order to improve service levels and minimize the incidence of work orders waiting for parts
